MicroStrategy (NASDAQ:MSTR) Price Target Cut to $1,590.00 by Analysts at Canaccord Genuity Group

MicroStrategy (NASDAQ:MSTR) had its price target decreased by Canaccord Genuity Group from $1,810.00 to $1,590.00 in a report released on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the software maker’s stock.

Several other research firms also recently commented on MSTR. TD Cowen cut their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an outperform rating for the company in a report on Wednesday, March 20th. StockNews.com raised MicroStrategy to a sell rating in a research note on Monday, March 18th. Benchmark reissued a buy rating and set a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, BTIG Research upped their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a buy rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $1,678.75.

MicroStrategy Stock Up 8.3 %

Shares of MicroStrategy stock traded up $93.59 during trading on Tuesday, reaching $1,223.01. 1,542,284 shares of the company traded hands, compared to its average volume of 2,114,779. MicroStrategy has a 1-year low of $266.00 and a 1-year high of $1,999.99. The firm has a market capitalization of $20.75 billion, a PE ratio of -182.54 and a beta of 3.00. The company has a 50 day moving average price of $1,385.71 and a 200-day moving average price of $829.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Transactions at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jarrod M. Patten sold 400 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $638.39, for a total value of $255,356.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 102,452 shares of company stock valued at $115,133,997. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in shares of MicroStrategy by 90.0% during the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after purchasing an additional 1,361 shares in the last quarter. Strong Tower Advisory Services acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $6,566,000. International Assets Investment Management LLC bought a new position in MicroStrategy in the 4th quarter worth about $12,367,000. Vanguard Group Inc. raised its position in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $3,118,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.